Cargill Archives - Page 9 of 20

Ethanol makers see demand surge on hand sanitizer stockpiling

By GFM Network News March 9, 2020

Reuters — Some ethanol producers worldwide said demand is up for their products due to customers stockpiling hand sanitizer — which can be made using the biofuel — as the coronavirus outbreak worsens. The COVID-19 coronavirus has infected more than 110,000 people in 105 countries and territories and 3,800 have died, according to a Reuters […] Read more

Cargill’s existing protein ingredient lines include Prosante textured soy flour (TSF), which is already used in plant-based ground beef substitutes. (Cargill.com)

Crops, Pulses, Soybeans

Cargill to enter faux-meat market

Major processor/packer expanding plant-based protein product line

By GFM Network News February 24, 2020

U.S. agrifood giant Cargill is set to bring its crop supply chain further into its proteins business via a new line of plant-based patty and ground products for the retail and foodservice sectors. Already a major player in meat protein, with assets including two major Canadian packing plants processing up to 6,000 head of cattle […] Read more

Charles Baron and partners brought FBN to Canada in 2017, buying Saskatchewan-based Yorkton Distributors. (FBN video screengrab via YouTube)

Crops, Reuters

Court orders big ag firms to hand over documents in antitrust probe

By GFM Network News February 12, 2020

Ottawa | Reuters — A Canadian federal court has ordered a group of major agriculture companies to hand over records and communications in an antitrust probe sparked by allegations some businesses tried to block online farm-supply startup Farmers Business Network (FBN). In a series of court orders issued Tuesday, Federal Court Justice Denis Gascon said […] Read more

Crops

Probe eyes possibility of ‘co-ordinated behaviour’ in Big Ag

Competition Bureau probes majors' response to FBN's Canadian launch

By GFM Network News February 8, 2020

Canada’s Competition Bureau is investigating leading agriculture companies for allegedly attempting to drive a California-based online farm-supply retailer out of the Canadian market. Documents filed in Federal Court show Federated Co-operatives, Cargill, Winfield United Canada, Univar Canada, BASF Canada Inc., Corteva and Bayer CropScience (and, by extension, Monsanto Canada) are all under investigation. Investigators with […] Read more

Covantis developers said they met with industry stakeholders in Brazil in October to discuss how their system would apply in soybean traffic between Brazil and China. (Covantis.io)

Crops, Markets

Major grain traders’ e-transaction platform gets name

By GFM Network News December 5, 2019

The blockchain-based global commodity transaction platform being developed by six of the world’s biggest agrifood firms is moving ahead with a new name and project leader. The six companies — ADM, Bunge, Cargill, Louis Dreyfus, Cofco and Glencore Agriculture — announced Wednesday the project will be named Covantis, and have hired former ADM executive Stefano […] Read more

Farmers dump bags of corn grain in front of the Papineau riding office of Prime Minister Justin Trudeau in Montreal, as they protest the lack of propane due to the CN strike, on Nov. 25, 2019. (Photo: Reuters/Christinne Muschi)

Crops, Machinery, Markets, Reuters, Weather

CN strike drags on, hitting grain exports, fertilizer output

By GFM Network News November 25, 2019

Ottawa/Montreal | Reuters — A prolonged strike at Canadian National Railway, the country’s largest railroad, sent further shocks through the economy on Monday with grain shipments scuttled and layoffs planned at fertilizer producers and an auto shipment terminal. As Canada’s biggest rail strike in a decade entered its seventh day, industry kept pressuring the government […] Read more

CME December 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets, Reuters

U.S. livestock: Lean hogs slide on technical selling, China worries

By GFM Network News October 17, 2019

Chicago | Reuters — U.S. lean hog futures closed lower on Thursday for a second straight session on bearish chart signals and uncertainty about export demand from China, traders said. China is facing a huge pork shortage due to an outbreak of a fatal pig disease, African swine fever. But so far the country’s purchases […] Read more

Beef Cattle, Livestock, Markets, Reuters

Cargill suspends shifts at Kansas beef plant after explosion

By Reuters, GFM Network News October 17, 2019

Chicago | Reuters — Cargill said Thursday it had suspended some shifts at its Dodge City, Kansas beef-packing plant after an explosion injured two employees. Cargill spokesman Daniel Sullivan said the company expects the facility to be fully operational soon and that it would meet all it customer commitments. The company is investigating the cause […] Read more

Livestock, Reuters

Cargill’s quarterly profit up on beef, egg demand

By GFM Network News September 26, 2019

Chicago | Reuters — Global commodities trader Cargill reported a three per cent increase in adjusted quarterly profit on Thursday, citing strong consumer demand for meat and eggs in North America and growth in its animal nutrition businesses. Cargill, the largest privately held U.S. company, said its adjusted operating earnings rose to $908 million in […] Read more

Wagyu beef on skewers at a Tokyo market. (Michal_Staniewski/iStock/Getty Images)

Beef Cattle, Livestock, Markets, Reuters

Japan deal levels field for U.S. beef, but sales surge unlikely

By GFM Network News September 26, 2019

Tokyo/Chicago | Reuters — U.S. beef exporters, unhappy after President Donald Trump pulled out of a multilateral trade pact in 2017, stand to sell more meat in Japan after the U.S. leader and Japanese Prime Minister Shinzo Abe cut a deal to slice into tariffs. But agriculture experts say that for now, that boost may […] Read more

U.S. grains: Chicago corn, wheat choppy amid demand uptick, ample supply

Nutrien expects more fertilizer use by farmers despite low crop prices

Prairie wheat bids weaken in early August

GFM Network News